SYDNEY, Oct 28 (Bernama-BUSINESS WIRE) — Marketlend, Australia’s leading marketplace trade credit platform, continues to excel as it recently closed a new $100 million financing facility with Crayhill Capital Management LP, a New York based private credit manager and asset-based lender. This new facility will assist with liquidity and cash flow management to global companies affected by the COVID-19 pandemic. It complements Marketlend’s existing trade credit securitization program, which offers financing to companies engaged in international trade.
Marketlend has gone from strength to strength, being valued at AUD $175 million dollars earlier this year and subsequently raising AUD $8.5 million dollars in equity to expand brand awareness and marketing. Since inception the company has an impressive 760 investors, 873 trade credit facilities to the value of AUD$333 million dollars.